Swiss National Bank raised its holdings in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 770,100 shares of the mining company’s stock after purchasing an additional 18,800 shares during the quarter. Swiss National Bank owned 0.17% of Iamgold Corporation worth $3,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley lifted its position in Iamgold Corporation by 204.3% during the first quarter. Morgan Stanley now owns 2,237,001 shares of the mining company’s stock valued at $8,949,000 after purchasing an additional 1,501,873 shares during the last quarter. FMR LLC bought a new stake in shares of Iamgold Corporation in the 1st quarter worth about $4,943,000. SG Americas Securities LLC lifted its holdings in shares of Iamgold Corporation by 11.7% in the 2nd quarter. SG Americas Securities LLC now owns 452,121 shares of the mining company’s stock worth $2,333,000 after acquiring an additional 47,485 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Iamgold Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 8,653,597 shares of the mining company’s stock worth $34,615,000 after acquiring an additional 326,515 shares during the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of Iamgold Corporation by 3.9% in the 1st quarter. World Asset Management Inc now owns 27,537 shares of the mining company’s stock worth $110,000 after acquiring an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 56.35% of the company’s stock.

Iamgold Corporation (NYSE:IAG) opened at 6.31 on Monday. The stock has a market cap of $2.93 billion, a P/E ratio of 5.75 and a beta of -0.40. Iamgold Corporation has a 1-year low of $3.14 and a 1-year high of $7.25. The company has a 50-day moving average of $6.08 and a 200 day moving average of $4.89.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its earnings results on Wednesday, August 9th. The mining company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The firm had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Analysts predict that Iamgold Corporation will post $0.05 EPS for the current year.

IAG has been the subject of several analyst reports. Scotiabank raised their target price on shares of Iamgold Corporation from $6.25 to $7.00 and gave the stock a “sector perform” rating in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Iamgold Corporation from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a report on Monday, July 17th. Credit Suisse Group set a $6.00 target price on shares of Iamgold Corporation and gave the stock a “hold” rating in a report on Wednesday, June 14th. BMO Capital Markets set a $5.00 target price on shares of Iamgold Corporation and gave the stock a “hold” rating in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada set a $7.00 target price on shares of Iamgold Corporation and gave the stock a “hold” rating in a report on Tuesday, August 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Iamgold Corporation presently has a consensus rating of “Hold” and an average target price of $6.82.

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About Iamgold Corporation

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

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Institutional Ownership by Quarter for Iamgold Corporation (NYSE:IAG)

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